Ann: New High-Grade Zone Discovered at CV13 - 34.4m @ 2.90% Li2O, page-105

You are correct in alot of what you said yes, but the reason i say PMT will always be valued atleast 3times higher, maybe even get down to 2x or out to 4x, but at the end of the day WR1 wont be THAT far ahead in terms of production, not enough to warrant an increase in valuation above PMT anyway. Markets will be forward looking, the big battery mobs will be even more forward looking, and the valuation will always be based on what it "will" be and not what it currently would be.

Thats why i do agree WR1 may get to 1bil within 2 or 3 years, but at the same time PMT will no doubt be 2bil+ at the same time. (2026-7 or so)

Its Kevin who thinks PMT should be 500mil mcap while WR1 should be 1.5bil mcap lol, and that delusion needs to be called out.